Paramount Communications Ltd

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Start SIP in Paramount Communications Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
30.64% Fall from 52W High
-8.7
TTM PE Ratio
Below industry Median
28.7
Price to Book Ratio
Below industry Median
9.8
Dividend yield 1yr %
0
TTM PEG Ratio
PEG TTM is less than 1
0.4
RSI
RSI is mid-range
61.6
MFI
MFI is mid-range
60.9

Paramount Communications Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Paramount Communications Ltd shareholding Pattern

Promoter
49.3%
Foreign Institutions
7%
Public
43.7%
Promoter
53.5%
Foreign Institutions
7.6%
Public
38.9%
Mutual Funds
0.1%
Mutual Funds
0.2%
Promoter
62.7%
Foreign Institutions
0.5%
Mutual Funds
0.2%
Domestic Institutions
0.2%
Public
36.6%
Promoter
63.9%
Foreign Institutions
0.9%
Public
35.2%
Promoter
62.1%
Foreign Institutions
0.6%
Public
37.3%
Promoter
62.1%
Foreign Institutions
0.1%
Public
37.8%

Paramount Communications Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
15
Bearish Moving Averages
1
5Day EMA
77.10
10Day EMA
75.30
12Day EMA
75.10
20Day EMA
74.90
26Day EMA
75.20
50Day EMA
76.80
100Day EMA
77.60
200Day EMA
71.50
5Day SMA
76.00
10Day SMA
74.40
20Day SMA
73.70
30Day SMA
75.80
50Day SMA
74.80
100Day SMA
84.40
150Day SMA
78.90
200Day SMA
74.20
Delivery & Volume
Resistance & Support
80.88
Pivot
Resistance
First Resistance
82.87
Second Resistance
84.68
Third Resistance
86.67
Support
First Support
79.07
Second support
77.08
Third Support
75.27
Relative Strength Index
61.65
Money Flow Index
60.91
MACD
-0.09
MACD Signal
-1.14
Average True Range
3.49
Average Directional Index
18.06
Rate of Change (21)
4.51
Rate of Change (125)
29.78
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Pitti Engineering Ltd.
2799.41
334.5
919
Universal Cables Ltd.
2122.66
350
653.7
Websol Energy Systems Ltd.
2584.72
83
748.8
Servotech Power Systems Ltd.
-
-
-
Spectrum Electrical Industries Ltd.
-
-
-
Rishabh Instruments Ltd.
1774.24
403.05
635

Paramount Communications Ltd Company background

Founded in: 1994
Managing director: Sandeep Aggarwal
Paramount Communications Ltd was incorporated in the year 1978 as a partnership firm under the name Style of Paramount Cable Corporation and was promoted by Shyam Sunder Aggarwal. The Company, a part of the Paramount group of companies, is one of leading cable manufacturing companies in India. The company is engaged in manufacturing power and communication cables. They provide complete cabling solutions to almost all the sectors of the economy, such as power, telecom and information technology, railways, petrochemicals and industrial sector. The company has two manufacturing units located at Dharuhera in Haryana and Khushkhera in Rajasthan. The company offers power cables, including high tension power cables, low tension power cables, aerial bunch cables, control and instrumentation cables, thermocouple extension and compensating cables, and battery and energy cables. They also offer railway cables, including underground railway signaling cables and quad axle counter cables, optical fiber cables, and specialized instrumentation cables for underground and elevated metro projects. In addition, the company offers telecom cables, such as optical fiber cables for telecommunications direct to home optical fiber cables for cable television polythene insulated jelly filled cables and aerial self supporting cables for subscriber distribution networks installation cables for digital exchanges coaxial cables for signal distribution and data transmission and computer cables.The company started supplying telecom cables to the Department of Telecommunications and in the year 1980, they diversified into manufacturing of power cables. In September 5, 1994, the company became a public limited company. In April 1995, the company came out with public issue for setting up a unit for the manufacture of jelly filled telephone cable with installed capacity of 600,000 conductor kilometers. In the year 199899, the company received ISO 9002 Certificate for their Delhi Unit. During the year 19992000, Paramount Wires Cables Ltd became a subsidiary of the company. Also, they acquired Category A National Interest Service provider license during the year. During the year 200001, the company shifted their manufacturing unit at Prahladpur, Delhi to RICCO Industrial Area, Khushkhera, in Rajasthan. Also, they added 1447000 KM capacity of manufacturing Jelly Filled Telecom Cables in Khushkhera unit. In May 2001, the company increased the capacity of the Dharuhera unit from 3562000 KM to 3852000 KM per annum. During the year 200102, the company started commercial production ar Khushkhera unit in Rajasthan. The subsidiary company Paramount Wires Cables Ltd has issued fresh 250000 equity shares of Rs 10 each as on March 31, 2002. After induction of fresh capital of Rs 25.00 lakh, the level of holding of the company declined from 51% to 49%. Therefore, Paramount Wires and Cables Ltd ceased to be a subsidiary company. During the year 200203, the company achieved ISO 14001:2000 certification for their Dharuhera plant and during the year 200304, they ISO 14001:2000 certification for their Khushkhera plant. During the year 200405, the company formed a wholly owned subsidiary M/s Paramount Gulf FZE in Dubai, UAE with an investment of USD 50,000 is to deal and trade in various commodities and to explore opportunities for export of various types of cables being manufactured by the company.During the year 200506, the company expanded their LT production capacity from 20,000 km to 25,000 km per annum. Also, they imported their major raw materials with nil custom duty to manufacture telecom cables resulting in good saving in raw material cost. During the year 200607, the company completed their first phase of expansion project. They commissioned 1,500 KM per annum HT power cable capacity at their Dharuhera unit.During the year 200708, the company completed their second phase of expansion project and started commercial production in February 2008. After completion of second phase expansion, the installed capacity for power cables increased to 58,500 KM per annum which includes all types of electric cables.During the year, Paramount Holdings Ltd, Cyprus became a wholly owned subsidiary of the company. The company through their subsidiary, Paramount Holdings Ltd, Cyprus acquired AEI Cables Ltd, United Kingdom, which is having their manufacturing facility at Birtley, New Castle. Also, Paramount Gulf FZE, UAE ceased to be subsidiary of the company with effect from December 31, 2007 upon their winding up with the Ajman Free Zone Authority, UAE.The company acquired 25 acres of land opposite to the existing plant of the company located in the Khushkhera Industrial Area, Rajasthan. In that land, the company is planning to set up third phase of expansion project for additional capacities of 35000 KM per annum of LT Power cables and 2500 KM per annum of HT Power cables. The said project is expected to be operational by the mid of the financial year 200809.The company entered into the vibrant domestic wires market with a range of cables that offer an environmentally friendly Lead Free, Zero Halogen, Low Smoke option.The Submarine Cable repairing project was executed in 2019. In 2023, the Company established two stateoftheart facilities at Khushkhera (Rajasthan) and Dharuhera (Haryana) for the manufacturing of cables and wires. PCLs footprint across the world led by its ability to provide quality products to its reputed customer base. PCLs geographic footprints spans 153 dealers and 102 distributors and 415 retailers across India enabling it to serve diverse customers.
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Paramount Communications Ltd FAQs

The past 1-year return of Paramount Communications Ltd [PARACABLES] share was 112.65. The Paramount Communications Ltd [PARACABLES] share hit a 1-year low of Rs. 34.07 and a 1-year high of Rs. 116.7.

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